XML 68 R50.htm IDEA: XBRL DOCUMENT v3.22.2.2
SEGMENT DATA AND RELATED INFORMATION (Tables)
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table is a comparative summary of the Company’s net sales and segment profit for Revlon and Products Corporation by reportable segment for the periods presented.

Revlon, Inc.
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
Segment Net Sales:
Revlon$176.6 $173.0 $544.9 $521.8 
Elizabeth Arden120.7 122.8 347.7 359.7 
Portfolio83.0 112.7 268.4 307.4 
Fragrances88.1 112.6 229.6 274.6 
Total$468.4 $521.1 $1,390.6 $1,463.5 
Segment Profit:
Revlon$13.8 $16.1 $62.1 $45.3 
Elizabeth Arden16.0 21.3 39.9 42.1 
Portfolio3.5 22.1 25.7 46.3 
Fragrances17.0 22.9 32.8 50.8 
Total$50.3 $82.4 $160.5 $184.5 
Reconciliation:
Total Segment Profit$50.3 $82.4 $160.5 $184.5 
Less:
Depreciation and amortization26.3 31.2 80.7 96.8 
Non-cash stock compensation expense7.2 3.9 15.3 10.4 
Non-Operating items:
Restructuring and related charges3.5 10.8 28.5 28.0 
Acquisition, integration and divestiture costs
0.2 0.6 0.7 1.8 
Gain on divested assets— 0.1 — (1.7)
Financial control remediation and sustainability actions and related charges
— — — 0.4 
COVID-19 charges— (0.1)— 6.1 
Capital structure and related charges0.2 1.8 3.9 6.8 
Impairment charges— — 24.3 — 
      Operating income (loss)12.9 34.1 7.1 35.9 
Less:
Interest Expense56.2 63.1 175.8 183.9 
Amortization of debt issuance costs— 8.7 20.9 30.7 
   Foreign currency losses (gains), net19.4 9.9 41.4 11.5 
Miscellaneous, net2.3 0.1 9.0 2.8 
           Reorganization items, net
85.0 — 243.3 $— 
Loss from operations before income taxes$(150.0)$(47.7)$(483.3)$(193.0)
Products Corporation
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
Segment Net Sales:
Revlon$176.6 $173.0 $544.9 $521.8 
Elizabeth Arden120.7 122.8 347.7 359.7 
Portfolio83.0 112.7 268.4 307.4 
Fragrances88.1 112.6 229.6 274.6 
Total$468.4 $521.1 $1,390.6 $1,463.5 
Segment Profit:
Revlon$14.6 $16.6 $64.5 $46.8 
Elizabeth Arden16.6 21.7 41.5 43.1 
Portfolio3.9 22.5 26.9 47.3 
Fragrances17.3 23.2 33.8 51.6 
Total$52.4 $84.0 $166.7 $188.8 
Reconciliation:
Total Segment Profit$52.4 $84.0 $166.7 $188.8 
Less:
Depreciation and amortization26.3 31.2 80.7 96.8 
Non-cash stock compensation expense7.2 3.9 15.3 10.4 
Non-Operating items:
Restructuring and related charges3.5 10.8 28.5 28.0 
Acquisition, integration and divestiture costs
0.2 0.6 0.7 1.8 
Gain on divested assets
— 0.1 — (1.7)
Financial control remediation and sustainability actions and related charges
— — — 0.4 
COVID-19 charges— (0.1)— 6.1 
Capital structure and related charges0.2 1.8 3.9 6.8 
Impairment charge— — 24.3 — 
      Operating income (loss)15.0 35.7 13.3 40.2 
Less:
Interest Expense56.2 63.1 175.8 183.9 
Amortization of debt issuance costs— 8.7 20.9 30.7 
   Foreign currency losses (gains), net19.4 9.9 41.4 11.5 
Miscellaneous, net4.3 0.1 14.4 2.8 
           Reorganization items, net
85.0 — 243.3 — 
Loss from operations before income taxes$(149.9)$(46.1)$(482.5)$(188.7)
Schedule of Net Sales and Long-Lived Assets by Geographic Area
The following tables present the Company's segment net sales by geography and total net sales by classes of similar products for the periods presented:
Three Months Ended September 30, 2022Nine Months Ended September 30, 2022
RevlonElizabeth ArdenPortfolioFragrancesTotalRevlonElizabeth ArdenPortfolioFragrancesTotal
Geographic Area:
 Net Sales
   North America$90.9 $24.1 $51.0 $58.3 $224.3 $293.5 $64.5 $169.7 $141.9 $669.6 
   EMEA*39.8 30.5 24.2 18.4 112.9 126.3 91.8 74.9 56.5 349.5 
   Asia10.2 58.6 0.3 4.5 73.6 27.8 173.7 1.8 15.2 218.5 
   Latin America*18.4 2.2 4.4 3.6 28.6 46.7 4.7 12.3 8.3 72.0 
   Pacific*17.3 5.3 3.1 3.3 29.0 50.6 13.0 9.7 7.7 81.0 
$176.6 $120.7 $83.0 $88.1 $468.4 $544.9 $347.7 $268.4 $229.6 $1,390.6 
Three Months Ended September 30, 2021Nine Months Ended September 30, 2021
RevlonElizabeth ArdenPortfolioFragrancesTotalRevlonElizabeth ArdenPortfolioFragrancesTotal
Geographic Area:
 Net Sales
   North America$88.4 $32.3 $75.2 $81.5 $277.4 $270.9 $80.9 $201.9 $193.8 $747.5 
   EMEA*43.8 30.4 28.7 20.5 123.4 125.4 85.9 80.6 54.0 345.9 
   Asia9.1 52.0 0.4 3.5 65.0 31.7 171.8 2.3 10.4 216.2 
   Latin America*14.2 2.5 4.8 3.4 24.9 40.7 5.8 12.2 7.9 66.6 
   Pacific*17.5 5.6 3.6 3.7 30.4 53.1 15.3 10.4 8.5 87.3 
$173.0 $122.8 $112.7 $112.6 $521.1 $521.8 $359.7 $307.4 $274.6 $1,463.5 
* The EMEA region includes Europe, the Middle East and Africa; the Latin America region includes Mexico, Central America and South America; and the Pacific region includes Australia and New Zealand.
The following table presents the Company's long-lived assets by geographic area:
September 30, 2022December 31, 2021
Long-lived assets, net:
United States$1,055.8 85%$1,134.3 84%
International185.0 15%215.8 16%
$1,240.8 $1,350.1 
Schedule of Net Sales by Classes of Similar Products
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
Classes of similar products:
   Net sales:
Color cosmetics$123.0 26%$124.8 24%$383.2 28%$368.5 25%
Fragrance
141.2 30%160.1 31%357.6 26%395.4 27%
Hair care106.1 23%124.2 24%333.7 24%351.6 24%
Beauty care
38.2 8%45.6 9%117.9 8%124.8 9%
Skin care
59.9 13%66.4 12%198.2 14%223.2 15%
$468.4 $521.1 $1,390.6 $1,463.5